In these times of crisis for EU Member States, labour market reforms in a handful of countries have come to be seen as the final turning point for the so-called ‘Euro-crisis’. This is because labour market reforms are those ‘structural reforms’ that have been regarded as necessary ingredients in the recipe to put Southern Member States’ economies on firmer grounds.
Tag Archives: Mario Draghi
MIGUEL OTERO-IGLESIAS Many economists, pundits and policymakers in Europe think that China is in an ideal position to rescue the Eurozone from its debt problems. The main argument goes more or less like this: China has $3.2 trillion foreign reserves, of which two thirds are in US dollars and only one quarter is in euros. […]
By Sarah Fuchs German dominance over the European Central Bank (ECB) is nowhere more apparent than in the price stability goal of inflation at or below 2% enshrined in the Maastricht Treaty. A notable success in postwar Germany was the excellent record of the Bundesbank on maintaining price stability, which represented an important break with […]